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Withdrawing capital on retirement is a capital mistake – supplementary benefits will increase
Our balanced forced savings system is designed to provide financial security in old age. 1st pillar: AHV pay-as-you-go system, 2nd pillar: BVG funded system and voluntary payments into the 3rd pillar. Examples from abroad – 401K plans in the USA, surrounding countries – show insufficient voluntary pension savings and/or the overburdening of states with the financing of the pay-as-you-go system.

Infrastructure as an «independent» class of investment:
A chimera
Low or negative interest rates favored private market investments. High returns, low risks and correlations, so the mantra went. With a time lag, infrastructure investments emerged, with similar arguments in favor. Are the expectations realistic?

Are Swiss pension funds investing appropriately? The real restrictions, wasted returns and a harebrained scam
Are Swiss pension funds investing appropriately?

Inflation and reduced savings years jeopardize pension security
Inflation and reduced savings years jeopardize pension security.

Interest rate turnaround: 1 year of positive interest rates
The laws of economics continue to apply

«Vendre au son du clairon, acheter au son du canon»
Two major issues are preoccupying the stock markets: On the one hand, Russia's current threatening gestures towards Ukraine are rightly worrying market participants on the global capital markets. And on the other hand, the markets - after an excellent year for equities in 2021 - have reacted nervously to higher inflation rates and & interest rate fears in 2022 to date, correcting by over 10%.

T-shirt economy and trade tariffs
Some may wonder about the tit-for-tat in the trade conflict instigated by the U.S. president. Is a trade war really threatening and have the stock exchanges corrected downward by 8% compared to the previous high for the year because of this?

Raising the standard of living is an illusion for many Americans
The American dream that each generation is better off than its parents' generation is tarnished. Adjusted for inflation, wages are just 10 percent higher than in 1973, a wage growth rate of a meager 0.2 percent.

US wage growth largely explainable
Subdued U.S. Wage Growth Despite Full Employment: Anomaly or New Normal?